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manhattan. thank you very much. coming up, local power companies across the united states are sending their crews out east to help restore power to the millions of people who are still without it. we'll look at the recovery efforts with the chairman, president and ceo of southern company next on cnbc. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. >>> welcome back. let's get more on this historic day of trading. steve, thanks for joining us. >> a wait and see approach trying to make it as normal a day as unusual a day as possible. we're hoping for a calm, collective opening. i think we got that. volumes are lighter than we normally would see. i think people are starting to see th
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never want to make it too local of a story. it is affecting so many millions of people but that picture of the entrance to the brooklyn battery tunnel is astounding the amount of water. 14-foot surge. >> rename it, the brooklyn barrier tunnel. it's a terrific road, by the way. >> scott, so much good work overnight. i look forward to working with you in a little while. scott cohn. we'll take you along sandy's path throughout the morning. the hartford will join us to explain the impact. a lot to talk about there. one more look at futures about 30 seconds left to trade. but modest rebound here. positive action on the dow and we'll see if we do, in fact, get some exchanges opening tomorrow. >>> grocery chain kroeger has a number of stores in virginia and wch wf where more than 100,000 people are reportedly without power on the cnbc news line is their chief financial 0 officer. michael, good morning to you. thanks for being with us. >> good morning. thanks for having me. >> we look at this through all sorts of different prisms. what are early takeaways for you? >> well, so far for us we've b
of what's made for them that's a locally derived or made specifically for me is okay. the evolution in japan took 25 to 30 years. the evolution in korea took about 10 to 15. we expect it will be as fast if not faster in china. why are we creating something? we see a gap in the marketplace. we see an opportunity. we want to be there now so when that consumer begins to turn towards what's made now for me, we're there already and well established. >> we hope you'll come back and keep us updated. >> thank you very much for having me. >>> 4 1/2 months of facebook's ipo, checking in on the state of the social network, more of julia boorstin's exclusive interview with facebook's coo sheryl sandberg. >> there's a lot of interest and speculation out there, oh, my god, has everything blown up? and the answer is no. if you come to facebook for work as you did four months ago, i think we're a stronger company today than we were then. >>> as we head to break, take a look at this morning's early movers on wall street topped off by goldman sachs, up 3.5%. >>> dow up 72 points. microsoft has turned
into the kfcs, they sell a lot of local chinese items for breakfast, for instance, and they sell burgers which they sell a lot of at the kfcs in china. >> are these a reflection of chinese consumer demand, in other words these significant issues in same-store sales in china? what is this reflective of in terms of the population in the country? >> bears say wait a second, how about nike. nike was weak china. when i drilled down nike in anticipation of what i thought might be a good number with kfc. you come back with the retail stores were long, they ordered badly, they have way too much inventory. they were cutting price. the inventory glut of shoe in china is very consumer oriented, and the strength of kentucky fried chicken. >> china was up six, they did add 192 new units in china. the same-store number doesn't reflect a lot of the strength and operating profit, up 22%, much more than six. >> tier seven cities the size of philadelphia, tier one, two, three, i love the tier one, tier two, tier three. >> costco. >> $1.39, beats $1.31, same-store sales up six, x fuel, where you made your money
-- location, location and its local. give me the hottest markets. where should people be looking at to buy homes right now? >> florida is often written off. florida has recovered on the unit side. it is starting to improve on price. if you were waiting to buy that vacation home, you should do it now. the coasts are very hot. they always have been. new york city is one of the -- the largest real estate market in the world. extremely attractive. still great price values in new york but there's no inventory. if you have a property you are willing to sell, now is the time to do it. >> lead story in the money section of "usa today," fewer homes go back to banks. if we get rid of this short sell are we going to be be maybe going back to a million homes trading a year? >> what's interesting bank inventory right now is at an all-time low. >> isn't that something? >> again that's a byproduct of a recovering market. >> if there's one headwind out there that is or might be ham r hampering this turn in real estate that we are seeing, what is it? lending standards? appraisals? >> what's interesting ab
percent or more on car insurance. ♪ >>> around the country, state and local governments are frantic to cover budget shortfalls. leaders are turning to sin for sl invitation. case in point, the state of ohio and today's hoping of the hollywood casino columbus, the third to open in ohio in less than a you're. our brian shactman has more on this national trend, live from the tables where i'm sure he's been up all night. good morning, brian. >> reporter: blackjack is my game. but i haven't played as of yet. the ribbon-cutting is going on behind me here in ohio. and nationally, 23 states have commercial gaming now. a generation ago, it was basically new jersey and nevada. put it all in perspective, gaming is worth about $35 billion to the economy. $8 billion in tax revenue. and the whole industry employs about 340,000 people. here at the hollywood casino in columbus, ohio, the $400 million project provided 3,500 construction jobs, 2,000 casino jobs and the gambling revenue will be taxed at 33%. the other two casinos already open in ohio, cleveland and toledo, they had $40 million in reve
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continued growth in professions in business and also in local government, education, and more importantly in health care and those are areas that i know something about, i've been traveling around the country and we're seeing more investments in manufacturing and high-skilled labor areas and that's where you need to play the focus and we need congress to cooperate with us to make sure we can go. >> we can go through all of the talking points we do every month, madam secretary. congress needs to do more and i want to read you one tweet for jack welch who used to run general electric and a man who knows a bit about economic data is created and this is his tweet this morning, madam secretary. unbelievable jobs numbers. the chicago guys will do anything, can't debate, so change numbers. what do you say to him? >> i would say that i have the highest regard for our professionals that do the calculations in the bls. they are highly skilled economists trained in this area, and you have to look at two surveys that have been done. the payroll as well as household survey. you see where those two bit
. unlike google it starts out big say, listen, we're bad. we're bad. local company for me. wow, we're doing bad. >> credit suisse on wendy's. >> starts with neutral. could be burger wars. for the largest coffee i paid $1.06 this weekend. wen wendy's has the baconater. you must take it with lipitor. i mean, this thing is just one of the most -- you know, these prices are coming down for burgers. >> yeah. >> they're coming down. and the calories are going up. i don't know if that's working. >> you go long with wendy's and merck, fast food play? >> pfizer -- yes, a tandem play. it's like how -- you know, when isaac redman goes down at the same time mendenhall goes down, have you to have a third guy, yes. i want handcuffs on wendy's, as we say in fantasy game. >> new logo. >>> rotten month for apple but will a smaller ipad help the company and a four-week losing streak. we'll get a closer look at the correction. can dow shake off cat and their look? ouncer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and from nationa
to think about shifting his business completely online and at kiva our model heavily relies on local intermediaries on the ground, around the world. the website allows to you make a microloan to developing world entrepreneurs as well as people in the u.s. so they can lift themselves out of poverty and what we're wondering about, are there new ways to reach people directly to go completely digital and one to one and there are risks with it, but the opportunities for greater efficiency and lower cost of capital to entrepreneurs especially some of the poorest entrepreneurs on the planet, it's really great if you can incorporate technology so looking at different leaders who have had at a point in their company's history a big decision to make and how they thought about it. >> we have 100 entrepreneurs here, they offer different products and services, but what dominates here is what they have in common, they're all risk takers, they all need capital, they all get tested in the market and they all go through trials. we had larry ellison speak to us and he, as you would look at his career
Search Results 0 to 17 of about 18 (some duplicates have been removed)